China's top economic authority has reaffirmed confidence in achieving its ambitious 5% annual GDP growth target for 2025, leveraging what officials describe as 'unparalleled institutional advantages' and a booming consumer market. The announcement comes as global markets closely watch Asia's largest economy for signs of post-pandemic recovery momentum.
National Development and Reform Commission (NDRC) head Zheng Shanjie outlined three key drivers at a Beijing press conference during the 14th National People's Congress session: centralized policy coordination capabilities, a 1.4 billion-strong consumer base, and the vitality of China's private sector. Analysts suggest this growth projection assumes heightened significance as multinational corporations reassess supply chain strategies across Asia.
While acknowledging challenges in export markets and property sector adjustments, Zheng highlighted emerging opportunities in green industries and advanced manufacturing. The NDRC plans targeted investments in renewable energy infrastructure and AI development zones, positioning these sectors as new economic growth engines.
